R&D Tax IncentivesR&D Tax Incentives

Brief Introduction

  • These are government incentives available to companies engaged in R&D activities.
  • Companies can claim tax credits or enhanced deductions on qualifying R&D Expenditure.
  • The schemes benefit companies of all sizes, helping to offset the costs associated with developing new or appreciably enhanced products. processes or services through science or technology.

Patent Box Tax IncentivesPatent Box Tax Incentives

The patent box is part of the government’s growth agenda to reward and incentivise companies to:

  • Retain and commercialise patents; and,
  • Develop new innovative patented products.

The scheme allows UK Tax paying companies to benefit from a reduced rate of corporation tax of 10% for profits attributed to patents.

Are you a qualifying company?

A qualifying company is one which satisfies the following conditions:

  • Has a patent granted (or applied) in the UK (“IPO”) or EPO and specific EEA countries;
  • Has an exclusive license in respect of a qualifying right;
  • Is undertaking qualifying development i.e the company is actively involved in the development on the patented invention or product which incorporates the patented invention;
  • For group companies the claimant must demonstrate that it is actively involved in the patent invention, although the IP may be held by a group company.

How we can help

Do you have existing patents? We can assist you as follows:

  • Help you understand the full extent of the patent box scheme;
  • Scope out the potential benefit for a patent box claim;
  • Assist you in preparing the full claim and supporting documentation required to make a successful claim.

Do you have patentable products/processes?

  • We can assist you by identifying areas of your development that may be patentable;
  • Assist you in your patent application process;
  • Prepare your patent box claims as explained above.

As the R&D scheme links with the patent box scheme, our team will build on the knowledge of the R&D claims for the patent box scheme to provide synergies.

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